The European Union is characterized by a high population density, yet its demographic trends show an aging population. As a result, while the EU maintains a strong economy, its growth pace is sluggish, leading to concerns about long-term sustainability. This challenge is compounded by a workforce that, despite reasonable productivity levels, is hindered by a culture that prioritizes leisure over work.
Niall Ferguson's book "Colossus" offers insights into the EU's complex economic landscape, emphasizing the need for a balance between productivity and leisure. The text underscores how demographic shifts and a slower economy can pose risks for the future, questioning the region's adaptability and resilience in an increasingly competitive global market.